Streetbeat News

Analyst Ratings

SPOT

Pivotal Research analyst Jeffrey Wlodarczak maintains a Buy rating on Spotify Technology (SPOT) and raises the price target from $265 to $330.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:44 pm

PERI

Needham analyst Laura Martin has reiterated a Buy rating on Perion Network (NASDAQ:PERI), maintaining a $35 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:41 pm

IHG

Societe Generale analyst Sabrina Blanc downgraded InterContinental Hotels (NYSE:IHG) from Buy to Hold, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:38 pm

AMGN

Amgen Inc (NASDAQ:AMGN) reported a 15% increase in Q4 2023 adjusted net profit to $4.71, surpassing the consensus of $4.62, driven by a 20% increase in revenues to $8.2 billion. The growth was partially offset by higher operating expenses. Product sales, including $954 million from the Horizon Therapeutics acquisition, grew 20%. Amgen expects adjusted EPS of $18.90-$20.30 and revenue of $32.4 billion-$33.8 billion. Investors are keen on Amgen's obesity drug data, with Phase 1 and 2 study results expected in 2024. Analysts have adjusted price targets, reflecting various outlooks on the company's performance and potential.

Portfolio Pulse from Vandana Singh

February 07, 2024 | 7:36 pm

ST

B of A Securities analyst Wamsi Mohan downgraded Sensata Technologies (NYSE:ST) from Buy to Neutral and set a price target of $38.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:32 pm

CHKP

Analysts have mixed views on Check Point Software Technologies Ltd (NASDAQ:CHKP), with price targets adjusted amidst solid revenue growth and market share concerns. Mizuho maintains a Neutral stance, raising the price target to $160, citing slight revenue growth exceedance and a solid initial outlook for 2024 despite market share loss. Wedbush and Truist express more optimism, raising their price targets to $185 and $175, respectively, highlighting cross-sell opportunities and a positive outlook. Susquehanna is bullish, increasing the target to $200, praising technological leadership. KeyBanc maintains a Sector Weight rating, pointing to valuation and margin pressure.

Portfolio Pulse from Anusuya Lahiri

February 07, 2024 | 7:31 pm

HOOD

Financial analysts have observed a bullish trend in options trading for Robinhood Markets (NASDAQ:HOOD), with 70% of trades showing bullish sentiment. The trading activity suggests a target price range of $9.0 to $15.0 for HOOD over the next three months. Significant trades include both puts and calls, with a notable volume and open interest within the $9.0 to $15.0 strike price range. Robinhood Markets, known for its app-based financial services platform, has seen its stock price increase by 0.56% to $10.84, with a neutral RSI. Analysts from Goldman Sachs and Mizuho have set target prices at $11 and $15, respectively.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 7:30 pm

CHTR

Investors and traders have shown a bearish stance on Charter Communications (NASDAQ:CHTR), as evidenced by recent options trading activity. Benzinga's options scanner revealed 16 unusual trades, with a sentiment split of 31% bullish and 68% bearish. The trades aim for a price range of $170 to $540 for CHTR over the next three months. Analysts have varying opinions on CHTR, with price targets ranging from $280 to $472. The company, a major U.S. cable provider, is currently trading at $290, slightly down by 0.1%.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 7:30 pm

SIMO

B. Riley Securities analyst Craig Ellis upgraded Silicon Motion Technology (SIMO) from Neutral to Buy and set a $90 price target. This represents a positive outlook on SIMO's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:29 pm

F

Citigroup analyst Itay Michaeli has maintained a Buy rating on Ford Motor (NYSE:F) and increased the price target from $15 to $16.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:29 pm